Cascade
Manufacturing Company has been founded in 1943 with a small capital investment
of 7500 dollars in Portland, Oregon as a small shop for just four employees.
First recoded sales revenues involved the machining and assembly of stainless
steel valves and pipe fittings. Sales for the first year have come up to 60,000
dollars.

In 1948 after
5 years of operations, annual sales have been up to $330,000 and company has
grown to 40 employees. The design and production of the first hydraulic
cylinder has put Cascade into a pursuit of new business opportunities. In
1950's, Cascade has begun to design, manufacture and selling hydraulic attachments.
In 1956's at the headquarters was built located in Portland, Oregon it was meant
to house all plant and offices. After 15 years in business sales have went up
to $2.3 million and the employment went to 180 people. In 1959, Cascade
broadened its base of operations with a second manufacturing plant in
Springfield, Ohio. The next year has marked Cascades move into global
manufacturing and has established companies in Netherlands, England and
Australia.

1967 Cascade
has opened a secondary operation in South Africa and acquires C.M Scott Fluid
power, LTD a Canadian manufacturer of hydraulic cylinders located in Toronto,
Ontario. In 2005, China has become the 3rd largest national lift truck market
right behind US and Japan. To keep our current market position in the Chinese
market, Cascade expanded their capacity of Chinese fork facilities and makes
significant investments in Xiamen and Hebei. In 2005 Cascade has also agreed to
be a distribution for a facility in Santos, Brazil.

Economy and
market decline

In 1982 a
severe economic recession has hit both US and Europe in a decline of 25 % consolidated
net sales. The Employment levels were reduced from 1175 to 750. 2009 was the
most difficult and challenging in 67 years of the company’s history. Due to the
precipitous drop in our markets, and in particular the European market, Cascade
experienced the second annual loss in our history. Net Sales dropped to $314
million. AS a result of the downturn, Cascade was forced to shut down fork
plants in France and Germany, and the plant in Europe (Almere, the Netherlands)
which was the headquarters was also shut down. All European attachment
manufacturing operations are consolidated in our Verona, Italy attachment
plant. North American and Asia Pacific we're the only operations who remained
profitable and at an operation level despite market declines of 40 % and 35 %.
Chinese operations also remained very profitable throughout the year in very
harsh market condition. In June, Cascade make a risk and opened a sales office
in India, starting with one employee. (rather than an agent as previously
done).

The most significant and unexpected event
in 2011 was a massive flood that struck the Queensland area of Australia. Even
entire first floor was flooded team members from around the globe were sent to
help and ensure that customer orders were not afflicted by the flood.

Final words

From the beginning
as a small shop in the early 1940's to a leading worldwide manufacturer that
Cascade is today. Cascade continues to grow as a leader supplier of lift truck
attachments and related products.

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